Note 848 — Chapter I · : THE HISTORICAL SCHOOL AND THE CONFLICT OF METHODS

Handwörterbuch der Staatswissenschaften. In his Grundriss we read: “The writers who figure as representatives of inductive research in recent German economics are not opposed to the practice of deduction as such, but they do believe that it is too often based upon superficial and insufficient principles and that other principles derived from a more exact observation of facts might very well be substituted for these.” Everyone would subscribe to this view.